Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its position in Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 213,175 shares of the bank’s stock after selling 577 shares during the period. Clearbridge Investments LLC’s holdings in Wintrust Financial were worth $18,018,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BDO Wealth Advisors LLC boosted its stake in Wintrust Financial by 6,200.0% in the fourth quarter. BDO Wealth Advisors LLC now owns 567 shares of the bank’s stock valued at $48,000 after acquiring an additional 558 shares in the last quarter. Romano Brothers AND Company acquired a new stake in Wintrust Financial in the fourth quarter valued at approximately $71,000. Quadrant Capital Group LLC boosted its stake in Wintrust Financial by 44.6% in the third quarter. Quadrant Capital Group LLC now owns 1,008 shares of the bank’s stock valued at $82,000 after acquiring an additional 311 shares in the last quarter. Accurate Wealth Management LLC acquired a new stake in Wintrust Financial in the fourth quarter valued at approximately $134,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Wintrust Financial in the fourth quarter worth $138,000. 89.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Timothy Crane purchased 1,500 shares of Wintrust Financial stock in a transaction dated Thursday, May 11th. The shares were acquired at an average cost of $60.87 per share, with a total value of $91,305.00. Following the purchase, the chief executive officer now owns 42,707 shares of the company’s stock, valued at $2,599,575.09. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Timothy Crane purchased 1,500 shares of Wintrust Financial stock in a transaction dated Thursday, May 11th. The shares were acquired at an average cost of $60.87 per share, with a total value of $91,305.00. Following the purchase, the chief executive officer now owns 42,707 shares of the company’s stock, valued at $2,599,575.09. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director H Patrick Hackett, Jr. purchased 7,100 shares of Wintrust Financial stock in a transaction dated Monday, March 13th. The stock was bought at an average cost of $73.31 per share, for a total transaction of $520,501.00. Following the completion of the purchase, the director now directly owns 47,173 shares in the company, valued at approximately $3,458,252.63. The disclosure for this purchase can be found here. Insiders own 1.41% of the company’s stock.

Analyst Ratings Changes

WTFC has been the subject of a number of research analyst reports. DA Davidson decreased their price target on shares of Wintrust Financial from $84.00 to $82.00 and set a “buy” rating for the company in a report on Friday, April 21st. Hovde Group raised shares of Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $108.00 price target for the company in a report on Wednesday, February 1st. Keefe, Bruyette & Woods decreased their price target on shares of Wintrust Financial from $110.00 to $94.00 and set an “outperform” rating for the company in a report on Thursday, April 6th. StockNews.com raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Wintrust Financial in a report on Friday, April 21st. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.73.

Wintrust Financial Stock Down 0.5 %

WTFC stock opened at $64.98 on Friday. The firm has a market cap of $3.98 billion, a PE ratio of 7.44, a P/E/G ratio of 0.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s fifty day moving average is $68.57 and its 200 day moving average is $81.15. Wintrust Financial Co. has a one year low of $57.48 and a one year high of $97.81.

Wintrust Financial (NASDAQ:WTFC – Get Rating) last issued its earnings results on Thursday, April 20th. The bank reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.25. Wintrust Financial had a net margin of 22.82% and a return on equity of 12.84%. The company had revenue of $565.76 million for the quarter, compared to the consensus estimate of $567.68 million. During the same period in the previous year, the firm earned $2.07 earnings per share. Wintrust Financial’s quarterly revenue was up 22.4% compared to the same quarter last year. On average, research analysts forecast that Wintrust Financial Co. will post 9.96 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Wednesday, May 10th. Wintrust Financial’s dividend payout ratio (DPR) is 18.33%.

About Wintrust Financial

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Wintrust Financial Corp. operates as holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal, and commercial banking services to customers located in its market area.